Showing posts with label indicators. Show all posts
Showing posts with label indicators. Show all posts

Wednesday, December 10, 2008

What is Marubozu ??!


Forexgen platform presents some indicators the Long Days indicate the great difference between the open price and the close price for a trading day. The shadow lines are much shorter than the real body. The Short Days indicate the small difference between the open price and the close price for a trading day. Both the body and the shadow lines are very short.

Marubozu means there are no shadows from the bodies. A White Marubozu is a long white body with no shadows which indicates a bullish trend. It usually becomes the first part of a bullish continuation or a bullish reversal pattern. A Black Marubozu is a long black body with no shadows. It usually implies bearish continuation or bearish reversal.